Restoration St. Louis is planning a renovation of the Gulfstream Hotel, located at 1 Lake Avenue, which has been vacant since 2005. The historic building will include 90 hotel units and a ground-floor restaurant/bar upon completion. The project also includes the development of a new mixed-use building on adjacent vacant parcels, which will include an additional 50 hotel rooms, 83 apartments, a rooftop restaurant and bar, spa, spa salon, ballroom, meeting room, gym, business center, and club room. The purpose of this study is to assess the fiscal, economic, and community impacts of the proposed development, and the financial implications to the City of Lake Worth Beach and its partners.